News of the investment follows similar announcements from just over a year ago, when Fiat Chrysler said part of a $1 billion investment in MI and OH would go to Warren Assembly to produce the all-new Jeep Wagoneer and Grand Wagoneer. The company's US -listed shares have surged 31 per cent already this year after nearly doubling in 2017.

Thursday's announcements were made in advance of the North American International Auto Show.

The bonuses would go to 60,000 of its USA employees. It designs, manufactures, and sells or distributes vehicles under the Chrysler, Dodge, Jeep®, Ram, FIAT and Alfa Romeo brands, as well as the SRT performance designation. The company's plant there will be re-purposed to build commercial vehicles. Trump reiterated a threat to pull out of the trade accord on Thursday, a day after Canadian officials said they viewed the odds of withdrawal as rising.

In all, FCA says its investment in heavy duty truck production will produce 2500 more jobs in the U.S. Since 2009, they report total U.S. investment of more than $10 billion creating more than 25,000 jobs, including the re-tooling of the Belvidere Assembly Plant to manufacture Jeep Cherokees at a cost of $350 million and the addition of 300 more jobs.

The roughly $120 million payout to employees will be in addition to profit-sharing checks that United Auto Workers members as part of Fiat Chrysler's union contract.

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